349 Elm StSyracuseNY13203
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Syracuse at 349 Elm St, Syracuse, NY, 13203 with 5% annual appreciation on a $129,500 basis while $1,339/mo rent supports operations. Total monthly income totals $1,339/mo and a $634/mo payment preserves $474/mo for cash returns. Annual cash flow comes to $5,689/yr on $42,929 deployed, and return on cash invested reaches 33.16% in year one. Equity gained on principal adds $836/yr, and five-year appreciation sums $35,778 alongside rental yield of 12.41%. Five-year ROI measures 174.68% and total cumulative return in cash totals $74,990.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,339/mo property income versus a $634/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1900
10,558 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13203, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,754 (100%) |
| Owner Occupied HU | 1,925 (22.0%) |
| Renter Occupied HU | 5,642 (64.5%) |
| Vacant Housing Units | 1,187 (13.6%) |
| Median Home Value | $201,647 |
| Average Home Value | $270,826 |
Housing Distribution
Address Breakdown
Residential
7,436
Single Family
4,695
Multi-Family
2,741
Businesses
426
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